Dissertation/Thesis Abstract

How Distributed Ledger Technology is Transforming the Financial Marketplace
by Bougas, Michelle, M.S., Utica College, 2016, 72; 10245691
Abstract (Summary)

This project focused on exploring distributed ledger technology, specifically as it relates to its use in the financial marketplace, including addressing cybersecurity and consumer protection concerns. Distributed ledger technology is an innovative technology that offers the potential to revolutionize numerous financial sector functions, including trade settlement, clearing and execution, and anti-money laundering and know-your-customer protocols. The technology may increase procedural efficiencies, while also reducing costs and certain operational redundancies.

Available research covers various aspects of the technology; however, the research also indicates there is much to learn. Various industries and governments are expending resources to further develop and enhance the technology in their efforts to implement the technology in future business practices. These research endeavors expect to highlight strengths and weaknesses, allowing for a fulsome understanding of the technology and, thus, its best use(s) within different market sectors. While distributed ledger technology may be appropriate for a variety of markets and sectors, its current standing within the financial marketplace is less certain.

Future research needs to examine specific aspects of the technology, such as cybersecurity and privacy, before its implementation into the highly regulated financial marketplace. Research efforts are ongoing, with continuous disclosure and publication of new findings. There is strong momentum and support to encourage and incorporate this technology, evidenced through the constant examination, analyses, and discourse. Public and private sectors must work together to establish global standards and policies, including cybersecurity, consumer and privacy protections, and regulation. Collaboration among technology users will be essential for its widespread success.

Indexing (document details)
Advisor: Pantani, Paul
Commitee: Osborn, Justin
School: Utica College
Department: Economic Crime Management
School Location: United States -- New York
Source: MAI 56/02M(E), Masters Abstracts International
Subjects: Finance
Keywords: Blockchain, Distributed ledger technology, Financial technology
Publication Number: 10245691
ISBN: 9781369434194
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